Mortgages bailouts are the new stock market bailout. House prices are going to the moon if you don't have to pay the mortgage off!
The 2008 stock market crash was triggered by subprime lending and underestimating the risk of that 1 in a 100-year event. Well here it is and the government are bailing out the banks again by paying off those subprime loans.
The 2008 stock market crash was triggered by subprime lending and underestimating the risk of that 1 in a 100-year event. Well here it is and the government are bailing out the banks again by paying off those subprime loans.
Comment